Steele Capital Management Inc. Invests $31.87 Million in Schwab U.S. Dividend Equity ETF (NYSEARCA:SCHD)

Steele Capital Management Inc. acquired a new stake in shares of Schwab U.S. Dividend Equity ETF (NYSEARCA:SCHD) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 418,619 shares of the company’s stock, valued at approximately $31,869,000. Schwab U.S. Dividend Equity ETF accounts for approximately 2.1% of Steele Capital Management Inc.’s investment portfolio, making the stock its 15th biggest position. Steele Capital Management Inc. owned 0.06% of Schwab U.S. Dividend Equity ETF as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. LPL Financial LLC lifted its stake in Schwab U.S. Dividend Equity ETF by 4.7% in the third quarter. LPL Financial LLC now owns 11,272,535 shares of the company’s stock valued at $797,645,000 after buying an additional 503,970 shares in the last quarter. Avantax Advisory Services Inc. raised its stake in Schwab U.S. Dividend Equity ETF by 3.7% in the 3rd quarter. Avantax Advisory Services Inc. now owns 7,458,984 shares of the company’s stock worth $527,798,000 after purchasing an additional 266,516 shares in the last quarter. Envestnet Asset Management Inc. increased its holdings in Schwab U.S. Dividend Equity ETF by 2.6% in the 3rd quarter. Envestnet Asset Management Inc. now owns 5,778,626 shares of the company’s stock valued at $408,896,000 after buying an additional 145,168 shares during the period. Raymond James Financial Services Advisors Inc. grew its holdings in shares of Schwab U.S. Dividend Equity ETF by 1.9% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 5,188,556 shares of the company’s stock valued at $367,142,000 after purchasing an additional 96,234 shares during the last quarter. Finally, Commonwealth Equity Services LLC grew its holdings in shares of Schwab U.S. Dividend Equity ETF by 8.6% during the 3rd quarter. Commonwealth Equity Services LLC now owns 4,422,807 shares of the company’s stock valued at $312,958,000 after purchasing an additional 348,710 shares during the last quarter.

Schwab U.S. Dividend Equity ETF Stock Performance

Shares of Schwab U.S. Dividend Equity ETF stock traded up $0.44 during midday trading on Monday, hitting $77.92. 2,473,132 shares of the company traded hands, compared to its average volume of 3,608,732. The stock has a market cap of $54.51 billion, a price-to-earnings ratio of 14.82 and a beta of 0.77. The firm’s fifty day moving average price is $78.31 and its 200-day moving average price is $75.26. Schwab U.S. Dividend Equity ETF has a 12 month low of $66.67 and a 12 month high of $80.82.

Schwab U.S. Dividend Equity ETF Company Profile

The Schwab U.S. Dividend Equity ETF (SCHD) is an exchange-traded fund that is based on the Dow Jones U.S. Dividend 100 index, a market-cap-weighted index of 100 dividend-paying US equities. SCHD was launched on Oct 20, 2011 and is managed by Schwab.